Reinsurance Cash Accountant

About the Role

Reinsurance Cash Accountant

remote type

100% Remote

locations

Stamford, CT

United States - Remote

time type

Full time

job requisition id

R2523309

Sr Accountant - FA08BE

Reporting to the Team Lead of Cash Operations, the Reinsurance Cash Accountant will be responsible for managing and reconciling cash transactions related to reinsurance agreements, ensuring accurate record-keeping and smooth cash flow.  The successful candidate will have strong organization and reconciliation skills and be self-motivated and proactive.  This role involves collaborating with both internal and external business partners.

This role can have a Hybrid or Remote work arrangement.  Candidates who live near one of our office locations (Stamford, CT) will have the expectation of working in an office 3 days a week (Tuesday through Thursday).   Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise. 

Key Responsibilities:

• Perform timely and accurate processing, application, collection, and reconciliation of cash related to reinsurance treaties

• Review and approve payment requests made by and to reinsurers, ensuring they align with treaty terms.

• Monitor and manage outstanding balances(receivables and payables) with clients and brokers

• Partner with booking accounting teammates regarding outstanding invoices that need to be booked

• Work with treaty accountants (booking team), underwriters, and claims departments to identify and resolve discrepancies in cash transactions

• Achieve qualitative and granular understanding of accounts and reported aging balances

• Maintain accurate storage of all relevant cash documentation

• Identify inefficiencies and propose improvements in cash handling and reporting processes

• Assist with special projects, system enhancements, testing, and ad-hoc reporting requests

Job Qualifications:

• Bachelor’s degree in Accounting/Finance or equivalent work experience

• 3+ years of accounting, reporting or finance experience

• Bilingual Spanish/English strongly desired

• Reinsurance accounting experience strongly desired

• Proactive individual with well-developed communication skills, analytical and documentation skills, and with high attention to detail

• Ability to react and successfully balance multiple competing priorities in a dynamic, fast-paced work environment under strict time constraints

• Proven track record of taking initiative to research and resolve issues

• Strong computer skills and desire to learn new applications with advanced MS Excel knowledge

• High level of discipline and ability to work independently and within a team to drive results

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$74,400 - $111,600